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Dec 27, 2012
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of course, whether congress gets that message is another mart. but the concentration of starbucks stores near capitol hill is relatively low. u.s. stocks slid wednesday on the back of reports that this holiday season might have been the worst for retailers since the beginning of the financial crisis. you can see shares leading the way lower down by .3.75%. holiday sales rose less than 1% this year compared to the 2% increase in 2011. greg, if the u.s. economics et tore is still with us. should we finger the fiscal cliff here for being the english that stole christmas or is there something else going on? >> it might be the fiscal cliff. one of the interesting trends we've seen in the last few months was business spending was taking a hit as companies scaled back their expansion plans, worried that we might be heading into ae investigation in 2013 because of the fiscal cliff. but we didn't see similar behavior on the part of consumers. what you're seeing now might be a sign that consumers have, in fact, begun to react to some of the evidence in the
of course, whether congress gets that message is another mart. but the concentration of starbucks stores near capitol hill is relatively low. u.s. stocks slid wednesday on the back of reports that this holiday season might have been the worst for retailers since the beginning of the financial crisis. you can see shares leading the way lower down by .3.75%. holiday sales rose less than 1% this year compared to the 2% increase in 2011. greg, if the u.s. economics et tore is still with us. should...
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Dec 27, 2012
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although we're still in the middle of wondering what congress is going to do about it, companies are already holding back hiring so that is clearly impacting the jobs market but the good news once again is the layoffs are slowing, down 12,000 to 350,000 last week. carol? >> thank you very much, washington. alison kosik thank you so much. >>> growing outrage over the decision of a new york newspaper to publish a map with the names and addresses of people who have gun permits. the interactive map was created with information available publicly. it pinpoints the location of legally licensed permit holders for handguns. we reached out for a statement from the newspaper, it sent us this, "the massacre in newtown, connecticut, remains at top-of-mind for many of our readers. or readers are understandably and keenly interested to know about who owns guns in their neighborhoods." scott summervila is president of the westchester new york fire owner association. he is on the list and joins me this morning. >> good morning, how are you? >> i'm good. you opened the newspaper and see your name, is
although we're still in the middle of wondering what congress is going to do about it, companies are already holding back hiring so that is clearly impacting the jobs market but the good news once again is the layoffs are slowing, down 12,000 to 350,000 last week. carol? >> thank you very much, washington. alison kosik thank you so much. >>> growing outrage over the decision of a new york newspaper to publish a map with the names and addresses of people who have gun permits. the...
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Dec 27, 2012
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reporter: the dairy industry says congress can wrap this up quickly, but if it doesn't, it looks like more than just the cows. >> things like wheat and corn. it wouldn't kick in until the growing season, those pieces of legislation are tied into the growing season for those crops. that wouldn't be until this spring. so really milk is the first, but not the only commodity that would be affected in the absence of the new farm bill. reporter: there is an outside chance for broader fiscal cliff resolution and an extension to the existing farm bill. perhaps, no crying over build milk. greg: i knew you were going to slide on them. >> i had to. [laughter] heather: a christian pastor is arrested for second time in iran on christmas day. he had been sentenced to death on charges from converting from islam to christianity. it turns out that that wasn't his only charge. now he is been brought back into service entrance. as we learn, his lawyer is also being targeted just for trying to help them. his group has been leading the charge. thank you for joining us. bring us up to speed on the latest i
reporter: the dairy industry says congress can wrap this up quickly, but if it doesn't, it looks like more than just the cows. >> things like wheat and corn. it wouldn't kick in until the growing season, those pieces of legislation are tied into the growing season for those crops. that wouldn't be until this spring. so really milk is the first, but not the only commodity that would be affected in the absence of the new farm bill. reporter: there is an outside chance for broader fiscal...
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Dec 27, 2012
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when he was 39 years old running for congress in 1942. this is my dad's desk, this sat on his desk when i was a kid, when i was 10 years old. i always admired it. >> reporter: i love this, the too hard box. >> there's a lot of things that belong in there. the real problem is if they belong in there and i don't realize it. >> reporter: then the model mars rover given to him by opportunities at caltech. >> that beats getting a t shirt. >> reporter: and the mock "sports illustrated" cover. >> they'll bring me out as water boy. >> reporter: no e-mail, perhaps the secret to buffett's success. i am convinced no e-mail is the secret to his success. >> who is tweeting while you're talking here? >> the amount of time you save and the lack of distraction but again look at that office, it was a modest office, and -- >> very frugal. >> yes, he gives a lot of money away. >> he does. >> less than 20 people work in the office. there's the typical water fountain chatter, i walked by his two major investment guys wearing casual clothes, there's a soda mac
when he was 39 years old running for congress in 1942. this is my dad's desk, this sat on his desk when i was a kid, when i was 10 years old. i always admired it. >> reporter: i love this, the too hard box. >> there's a lot of things that belong in there. the real problem is if they belong in there and i don't realize it. >> reporter: then the model mars rover given to him by opportunities at caltech. >> that beats getting a t shirt. >> reporter: and the mock...
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Dec 27, 2012
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you talked about the bitterness between the white house and congress. i'm wondering to what extent the failed floats of susan rice as secretary of state nominee and now what looks like chuck hagel as secretary of defense nominee, to what extent those have added to that bitterness, and have they had any effect whatsoever on the state of negotiations over the fiscal cliff? >> reporter: i haven't detected any, that that really has been sort of a separate issue, if you will, the whole -- you know, if you look at sort of who is the white house sort of warring with when it comes -- it's a different set of republicans. >> yeah. >> reporter: it was mccain, graham. it's not the same people on the cliff front when it came to susan rice. but i think you're right, on that front, this is a case where i don't understand how -- the white house may have made a mistake by not having a second-term transition plan or director. i mean, i think they had somebody that came up with an outline of, okay, this person's leaving. this person's leaving. here you go, mr. president.
you talked about the bitterness between the white house and congress. i'm wondering to what extent the failed floats of susan rice as secretary of state nominee and now what looks like chuck hagel as secretary of defense nominee, to what extent those have added to that bitterness, and have they had any effect whatsoever on the state of negotiations over the fiscal cliff? >> reporter: i haven't detected any, that that really has been sort of a separate issue, if you will, the whole -- you...